XRP Price Predictions: Will Whales Drive Big Gains This Year?

26. März 2023 Von admin Aus

• The XRP price has decreased by 3% in the past 24 hours, falling to $0.428988.
• Despite today’s dip, XRP is still up 16% in a week and 10% in the month.
• Ripple CEO Brad Garlinghouse expects an end to the case this year and perhaps by the summer.

XRP Price Prediction

The XRP price has dropped by 3% in the past 24 hours, falling to $0.428988 as the cryptocurrency market responds to news of yet another rate hike from the Federal Reserve. Despite today’s dip, the altcoin remains up by 16% in a week and by 10% in the last month, while it has also risen by 26% since the start of 2023.

Ripple-SEC Case

XRP did enjoy a massive rally earlier this week as rumors spread online that the Ripple-SEC case was very close to ending, and most likely with a positive outcome for Ripple. However, while a decision is yet to arrive, there’s little doubt that one will come in the next few months, and if it is positive, XRP will surge.

Relative Strength Index

After reaching 70 and higher a couple of days ago, XRP’s relative strength index (purple) has climbed down to just under 60, indicating a loss of momentum. On the other hand, the coin’s 30-day moving average (red) has begun rising up towards its 200-day average (blue), suggesting that the coin hasn’t been overbought and still has space left to rise in the coming days.

Positive Outcome Expected

Based on what we know so far about this case between Ripple and SEC there is good chance of Ripple winning given recent positive decisions and rulings in its favor such as excluding one of SEC’s key expert witnesses from testifying against Ripple which dealt a big blow for SEC’s case against them .

End To Case Coming Soon

Ripple CEO Brad Garlinghouse has said on numerous occasions recently that he expects an end to this case this year with possible result coming out as early as summer due to briefing already completed all that’s left now is Judge Analisa Torres coming up with her judgment soon .